Comments on BRAC Blog: BRAC Tanzania: Exceeding Expectations

There was also an update made regarding the proble...

2010-07-02T11:09:49.250-04:00

There was also an update made regarding the problems with transferring money from the Bank of Tanzania posted in early May:

http://www.kiva.org/partners/102

Update (as of July 1 2010): http://fellowsblog.ki...

2010-07-01T18:19:31.222-04:00

Update (as of July 1 2010): http://fellowsblog.kiva.org/category/kiva-field-partners/brac-tanzania/

Michelle, This problem with transferring money fr...

2010-05-15T19:56:01.789-04:00

Michelle,

This problem with transferring money from Tanzania to KIVA accounts has been going on since June of 2009 --- eleven months! We have been told several times that the problem will be fixed soon. How do other microfinance companies in Tanzania manage to transfer funds just fine? I have lost all confidence in BRAC Tanzania.

Carl

Dear Mathieu, The 94% repayment rate refers to th...

2010-05-11T11:41:17.451-04:00

Dear Mathieu,

The 94% repayment rate refers to the percentage of BRAC microfinance borrowers in Tanzania who have repaid their loans.

The problem is not that the borrowers have not repaid their loans or that Kiva is witholding the money from the original lenders. The problem is that BRAC in Tanzania is currently not able to transfer this money outside of Tanzania because

Michelle, a repayment rate of 94%? Impossible, as...

2010-05-06T15:47:33.938-04:00

Michelle,

a repayment rate of 94%? Impossible, as all Brac Tanzania loans are delinquent since June 2009... Or money was paid back to Kiva, but not to the lenders like myself! And we are all fed up about the lack of information and updates!

Please contact Kiva asap to give us some Updates!

Mathieu

Thank you for your reply, I only got to see it tod...

2010-04-23T07:54:27.863-04:00

Thank you for your reply, I only got to see it today.

Hi Patrick, Thank you for your question. The del...

2010-03-31T09:49:50.634-04:00

Hi Patrick,

Thank you for your question. The delinquency rate of the BRAC microfinance borrowers in Tanzania is actually very low, as we have a 94% repayment rate. The difficulty is in getting the money out of Tanzania and back to Kiva in the US. We are in talks with both the Central Bank of Tanzania and the Government of Tanzania to ensure that we can pay back the late loans and

Hi, Do you have any information regarding the sit...

2010-03-23T04:39:13.861-04:00

Hi,

Do you have any information regarding the situation with BRAC Tanzania and Kiva ?

"BRAC Tanzania’s delinquency rate is higher than normal as a result of difficulties moving funds from Tanzania. The organization is working with the Central Bank of Tanzania to sort out this issue and is providing regular updates to Kiva on its progress. Kiva will be sure to update